Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 1, 2011

S&P500 1st July 2011

 Daily Analysis

Fourth continuous bullish candle on above average volumes breaking out of the downtrendline from 1370 highs.The OBV has now moved above it's high corresponding with S&P500's 1298.  Scaling 1345 by today will confirm that the correction is over.

Support at 1318-1305. Resistance at 1328-1345.

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Happy Trading !!
Lakshmi Ramachandran

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